5,422 Shares in Chord Energy Co. (NASDAQ:CHRD) Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC acquired a new position in shares of Chord Energy Co. (NASDAQ:CHRD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 5,422 shares of the company’s stock, valued at approximately $634,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS acquired a new position in Chord Energy during the fourth quarter worth $1,747,000. American Century Companies Inc. boosted its position in Chord Energy by 15.0% during the fourth quarter. American Century Companies Inc. now owns 1,116,073 shares of the company’s stock worth $130,491,000 after purchasing an additional 145,627 shares in the last quarter. Beddow Capital Management Inc. boosted its position in Chord Energy by 461.7% during the fourth quarter. Beddow Capital Management Inc. now owns 22,495 shares of the company’s stock worth $2,630,000 after purchasing an additional 18,490 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Chord Energy during the fourth quarter worth $2,973,000. Finally, Boston Partners boosted its position in Chord Energy by 5.6% during the fourth quarter. Boston Partners now owns 2,186,483 shares of the company’s stock worth $255,684,000 after purchasing an additional 115,215 shares in the last quarter. Institutional investors and hedge funds own 97.76% of the company’s stock.

Wall Street Analysts Forecast Growth

CHRD has been the topic of a number of research analyst reports. Piper Sandler decreased their target price on Chord Energy from $193.00 to $184.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Mizuho decreased their target price on Chord Energy from $192.00 to $178.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wolfe Research upgraded Chord Energy from a “peer perform” rating to an “outperform” rating and set a $155.00 target price on the stock in a research report on Friday, January 3rd. Citigroup downgraded Chord Energy to a “reduce” rating in a research report on Wednesday, March 5th. Finally, Williams Trading set a $155.00 price objective on Chord Energy in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chord Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.62.

Chord Energy Stock Performance

NASDAQ CHRD opened at $109.71 on Friday. The business’s 50-day moving average price is $112.92 and its 200 day moving average price is $122.03. Chord Energy Co. has a twelve month low of $99.40 and a twelve month high of $190.23. The company has a market capitalization of $6.54 billion, a PE ratio of 5.65, a price-to-earnings-growth ratio of 5.83 and a beta of 0.98. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Chord Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $1.30 per share. The ex-dividend date is Tuesday, March 11th. This is an increase from Chord Energy’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 4.74%. Chord Energy’s dividend payout ratio is 32.62%.

Chord Energy Profile

Chord Energy Corporation operates as an independent exploration and production company in the United States. It acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Williston Basin. The company sells its products to refiners, marketers, and other purchasers that have access to nearby pipeline and rail facilities.